PUNE, India -- Sterlite Technologies Limited (“Sterlite”) [BSE (Bombay Stock Exchange): 532374, NSE(National Stock Exchange of India, Mumbai): STRTECH], a leading global provider of transmission solutions today announcedthat it has won a contract from BSNL, valued at Rs 372 Crores (US$ 77 Million), for enabling a Fiber-to-the-Home (FTTH)Network based on Gigabit Passive Optical Network (GPON) technology. Sterlite was awarded a major share of the totaloutlay of project, amongst competition from global players. Sterlite has streamlined its efforts to ensure that the contract isexecuted within FY10.

BSNL plans to implement similar FTTH networks at 25 cities across India by Year 2012, which would impact 2 millionsubscribers. This would provide subscribers access to never-experienced bandwidth and speeds (in excess of 100 Mb/s) aswell as multitude of applications ranging from utility applications such as High-Definition Video Conferencing orentertainment applications as High-Speed Gaming.

The current phase of the FTTH network would be capable of providing high-speed internet, IPTV solutions, VoIP, and otherValue Added Services to about 500,000 subscribers. BSNL, one of the largest telecom service providers globally, will be thefirst telco in the country to deploy commercial scale Fiber-to-the-Home network.At the recent OFC/NFOEC 2009 in San Diego, California, Mr. Kuldeep Goyal, Chairman and Managing Director of BSNL,indicated that up to 5% of all Indian households could have FTTH by 2011 and IPTV would be one of the key drivers foruptake of FTTH.

Dr. Anand Agarwal, CEO & Director - Sterlite Technologies says, “India is at the cross-roads in telecommunicationtechnology, with networks being rolled out for 3G, Wimax, NGN (Next Generation Networks) and FTTH. We believe FTTH willoffer subscribers limitless possibilities by serving the requirements of bandwidth-hungry applications and this wouldrevolutionize the way subscribers work, live and play. We commend BSNL’s relentless efforts in putting India on the telecommap of the world and we are honored to be chosen as a partner for this project.”

Sterlite Technologies Ltd.

Bharat Sanchar Nigam Ltd. (BSNL)